Sadly no, it's a bit of a manual job and not ideal for lots of products in lots of locations.  I use it to keep track of parts used in assemblies, so I know if an assembler has sufficient parts on hand to build a quantity of a product.  You can get a free trial, but use it on a demo or practice dataset.  It creates duplicate parts with a suffix or prefix to indicate their location, the tool makes the moving of parts around easy and sorts out the costings etc.

Interesting, but do you know if it can be linked to scannable barcodes to automatically remember and adjust storage locations when products are moved?

Hi Richard. This is Adept Tool Jeremy mentioned www.adepttools.co.uk/.../

I have to use a tool from Adept for this at the moment